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[Brokerage Focus] Haitong Int'l expects that rare earth prices have completed a bottom adjustment and is bullish on the steady rise of rare earth prices.
Jingu Finance | Haitong International believes that rare earth prices have already completed the bottom adjustment, and the price rebound reflects the support of rare earth smelting production costs. In the environment of demand recovery, the bank is bullish on the steady rise of rare earth prices. The bank indicates that on the supply side, the growth rate of domestic supply indicators in 2024 has slowed down, overseas production and import volume have decreased, and supply constraints have strengthened. On the demand side, demand for new energy continues to grow, and siasun robot&automation is expected to become the next demand hotspot. In terms of inventory, rare earth separation plants have slightly accumulated inventory, while midstream and downstream inventories have decreased year-on-year. The bank believes that the recovery in downstream demand sentiment will drive the demand for midstream and downstream products such as dysprosium iron, metal praseodymium, and sintered.
jl mag rare-earth (300748.SZ): Not involved in mineral resources and solid state battery business.
GLH December 3rd news | JL Mag Rare-Earth (300748.SZ) stated on the investor interaction platform that the company's main products are high-performance neodymium iron boron permanent magnet materials and magnetic components, not involving mineral resources and solid state battery business.
jl mag rare-earth (300748.SZ): Products are widely used in new energy fund and auto parts, energy-saving variable frequency air conditioners, rail transit, and other fields.
On December 3, Geelong reported that JL Mag Rare-Earth (300748.SZ) stated on the investor interaction platform that the company's products are widely used in the field of new energy vehicles and auto parts, energy-saving frequency conversion air conditioners, wind power generation, 3C, Siasun Robot&Automation and industrial servo motors, energy-saving elevators, rail transportation, etc. Regarding specific customers and specific business situations, the company will strictly abide by relevant laws and regulations based on the confidentiality agreements signed with customers, do a good job in information disclosure. Currently, the company does not have any undisclosed matters that should be disclosed.
Hong Kong stocks fluctuation | jl mag rare-earth (06680) rises over 8% as institutions are bullish on the enhancement of its rare earth strategic attributes. The company develops humanoid siasun robot&automation using magnetic components.
jl mag rare-earth (06680) increased by over 8%, as of the time of writing, it is up 7.84%, priced at 10.32 Hong Kong dollars, with a transaction volume of 0.132 billion Hong Kong dollars.
China Securities Co.,Ltd.: Lithium production in December is expected to remain stable on a month-on-month basis, and lithium prices still have support.
The demand for industrial and commercial energy storage overseas is good, and the energy storage orders in December are still adequate, so the production in December is expected to remain stable month-on-month, with lithium prices still being supported.
French miners lament that the profitability of nickel mining business cannot be achieved without china technology and equipment.
① The multinational mining giant Ehmann stated that western companies cannot make a profit in the nickel mining business in Indonesia without relying on china's technology, equipment, and management experience; ② Ehmann and BASF have canceled the 2.6 billion dollar nickel-cobalt refining plant project in Indonesia due to it being 'economically unfeasible'; ③ Ehmann is collaborating with China’s Qingshan Holding to operate the nickel mine in Weda Bay, with the CEO stating that china's technology, expertise, and equipment are key to competitiveness.
